Coleman Report
Monday Movers and Shakers
By Bob Coleman Editor, Movers and Shakers Umpqua Bank Announces Hiring of Eric Wadley And the Opening of SBA Loan Production Office in Salt Lake City, Utah ‘Eric is a great addition to our SBA Team and provides the bank a solid lending base in the Utah market. Eric has been an advocate for small…
Read MoreFraud Friday — Business US Acquires Small Biz Capital’s SBLC License
April 10, 2015 By Bob Coleman Editor, Fraud Friday The Receiver of Small Business Capital, the non-bank lender seized by the SEC almost three years ago, has entered into an agreement to sell the license and assets to Business US. Stephanie Bitters is the Managing Director of the SBA loan program for Business US. Norris…
Read MoreColeman Feedback Friday — More on $15 Hourly Restaurant Wages and Questioning SBA Loan Charge-Offs
By Bob Coleman Editor, Feedback Friday My coverage of the increase in Seattle’s minimum brought this response from Northwest Business Development Association’s Elizabeth Rusnak. Restaurants Adapting to New Minimum Wage Laws in Seattle Hello Bob, I live in the Seattle area, and have been anxiously awaiting to see how the restaurants were going to react…
Read MoreColeman Small Business Lending Calendar — Register Now For Florida for only $249
By Bob Coleman Editor, Small Business Lending Calendar Says FLAGGL: Our 2015 conference promises to empower attendees with the latest knowledge about the ever-changing landscape of SBA 504 and 7(a) lending. Every hot topic will be covered, including regulatory and policy updates, eligibility and franchises, the SBA’s green loan policy, secondary market opportunities, and more.…
Read MoreColeman Main Street Wednesday — $15 Minimum Wage Forces Seattle Restaurant to Raise Prices 21%, but Eliminates Tipping
April 8, 2015 By Bob Coleman Editor, Main Street Wednesday Last month I calculated restaurants would have to raise prices 7% to compensate for the first incremental increase in the city’s minimum wage to $11 an hour on April 1. There would be periodic mandated scaled increases to get to $15. The upscale Ivar’s Salmon…
Read MoreColeman C-Suite Small Business Lending Report — SBA Delinquencies and Charge-Offs Plummet
By Bob Coleman Editor, C-suite The takeaway? SBA loans are performing at historical low delinquency and charge-off rates. I am going to let this chart do all the work this morning. Check out the falling SBA 7(a) and 504 delinquency and charge-off rates from SBA’s 2014 annual report. Delinquency rates for the 7(a) program likewise…
Read MoreSBA Hot Topic Tuesday — SBA 504 Loan Program at Zero Subsidy for 2016
By Bob Coleman Editor, Hot Topic Tuesday That means loan losses in the SBA 504 loan program will be entirely funded by borrower and CDC fees — with zero cost to taxpayers. SBA 504 needed a taxpayer subsidy for the past five years, due to once in a generation loan losses incurred by the Great…
Read MoreSmall Business Lending Stats Tuesday — Small Business Loan Delinquencies Rise Slightly, but Credit Risk still Minimal
By Bob Coleman Editor, Small Business Lending Stats Financial health of small businesses remains strong despite a slight increase in near-term delinquency rates. The Thomson Reuters/PayNet Small Business Delinquency Index (SBDI) 31-90 days past due increased 4 bps from 1.23% in January 2015 to 1.27% in February 2015. As compared to one year ago, delinquency…
Read MoreMug Shot Monday — Community banker from Missouri is going to jail for 6 ½ years
By Bob Coleman Editor, Mug Shot Monday A community banker from Missouri is going to jail for 6 ½ years for bank and bankruptcy fraud. The principal shareholder of two banks, Richard Gregg plead guilty Friday to ripping off another bank for $1.5 million. In February 2009, Gregg borrowed $2 million from Great Southern Bank…
Read MoreColeman’s Monday Movers and Shakers
By Bob Coleman Editor, Monday Movers and Shakers Angela Burton Named SBA Lower Rio Grande Valley District Director I‘ll bring some economic development experience to the table, and I understand our market very well, says Angela. “We have a unique market.” Region VI Administrator Yolanda Garcia Olivarez, adds ’s expertise would be “highly instrumental in…
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